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Crystal90605
Level 1

Tracking expenses paid with personal account

I have a small business and paid some business expenses including my car payment with money form my personal account. How do I add these into QB so that I get an accurate account

Solved
Best answer February 26, 2020

Best Answers
BigRedConsulting
Community Champion

Tracking expenses paid with personal account

In this case you're in effect investing in your company.

 

So, enter the payments in your Equity account, which will increase both Equity on your balance sheet and expenses on your P&L.  Perhaps add a memo explaining the case.

View solution in original post

1 Comment
BigRedConsulting
Community Champion

Tracking expenses paid with personal account

In this case you're in effect investing in your company.

 

So, enter the payments in your Equity account, which will increase both Equity on your balance sheet and expenses on your P&L.  Perhaps add a memo explaining the case.

View solution in original post

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